Industrial silica is a high value product used in the production of numerous products, of which fiberglass is a chief one. Fiberglass finds applications in several end-use industries on account of its excellent mechanical and functional properties. Due to these properties, production of fiberglass is subsidized in several countries such as in China, to be exported to Europe and North America.

A report by Transparency Market Research projects the global industrial silica market to rise at a CAGR of 6.6% between 2017 and 2025 for the market’s valuation to reach US$32.98 bn by 2025. The market was evaluated at US$18.75 bn in 2016.

Fiberglass to Remain Key Application Segment

Depending upon application, the segments into which the global industrial silica market is divided are sodium silicate, cultured marble, fiberglass, additive, reinforcing filler, foundry work, oilwell cement, ceramic frits & glaze, glass & clay production, and others. Fiberglass held more than 25% of the global industrial silica market in 2016 volume-wise. Fiberglass, additives, and glass and clay applications are expected to mainly drive the market over the forecast period. The reinforcing filler application segment of the market is projected to expand at a CAGR of 6.7% between 2017 and 2025 vis-à-vis revenue.

Sodium silicate and glass and clay production held significant share in the global industrial silica market in 2016.

Presence of Manufacturing Facilities of Key Companies to Bolster Growth in North America

The key segments of the global industrial silica market based on geography are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, Asia Pacific led the market in 2016 accounting for more than 40% of the overall market in terms of both volume and revenue. China is one of the key producers of industrial silica in the region with the country accounting for 35% volume share of the regional market in 2016. Significant demand from fiberglass, glass and clay, and foundry is majorly driving the industrial silica market in the region. Sodium silicate, fiberglass, and glass and clay production applications cumulatively held a share of nearly 55% of the Asia Pacific industrial silica market in 2016. However, additive, foundry, and fiberglass are expected to account for significant contribution to the growth of this regional market over the forecast period.

North America trailed Asia Pacific in 2016 in terms of volume share in the global market. However, the region is expected to outpace other regions in terms of growth rate over the forecast period. The presence of manufacturing facilities of several key companies in the U.S. and Canada is a key factor behind the growth of North America industrial silica market.

Europe is expected to display a relatively slow growth rate over the forecast period. Germany, France, and the U.K. are key domestic markets that collectively held more than 45% of Europe industrial silica market in 2016.

The Middle East and Africa and Latin America are anticipated to collectively hold more than 8% of the overall market by 2025.

Demand for fiberglass is high, due to its excellent functional and mechanical properties such as low weight and resistance to corrosion and heat. Thus, these resins are used in a wide range of end-user industries such as automotive. Usage of fiberglass in wind turbines is the fastest-growing application segment due to high demand for renewable energy and fast installation rate of wind turbines across the globe. Besides this, the fiberglass industry in China obtains subsidies from the government, enabling it to export fiberglass at a low cost to Europe and North America. Therefore, rising demand for industrial silica from fiberglass application is expected to drive the industrial silica market during the forecast period. Oil well cementing is one of the key operations in the oil & gas industry. A blend of amorphous, spherical, micro-silica in combination with industrial silica provides higher temperature sustainability. The blended mixture increases temperature resistance to a large extent. Therefore, rising demand for high temperature cementing in oil wells is anticipated to provide lucrative opportunities for the industrial Silica market during the forecast period.

This study analyzes, estimates, and forecasts the global industrial silica market in terms of volume (Kilo tons) and revenue (US$ Mn) from 2016 to 2025. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The report provides a detailed view of the industrial silica market based on applications. Key applications included in the report are sodium silicate, fiberglass, cultured marble, additive, reinforcing filler, foundry work, ceramic frits & glaze, oilwell cements, glass & clay production, and others (pharmaceutical, etc.). Furthermore, the report segments the market based on key geographies such as North America (the U.S., Canada), Europe (France, Germany, Italy, U.K, Rest of Europe), Asia Pacific (China, Japan, ASEAN, Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East and Africa (GCC, South Africa, Rest of Middle East & Africa). It also provides market volume and revenue for each application under every regional segment. The industrial silica market is further analyzed into major countries of each region.

Global Industrial Silica Market: Research Methodology

Primary research represents the bulk of our research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases. Other sources include national government documents, statistical databases, and market reports, news articles, and press releases and webcasts specific to the companies operating in the market.

Global Industrial Silica Market: Market Segmentation

Based on applications and countries, the report analyzes the attractiveness of each segment with the help of an attractiveness tool. The study includes value chain analysis, which provides a better understanding of key players in the supply chain (from raw material manufacturers to end-users). Additionally, the study analyzes market competition and industry players using Porter’s five forces analysis.

Upcoming Reports

Microporous insulation refers to a composite material found in the form of fibres or compacted powder characterized by an interconnecting pore size which is comparable to the average free path of air molecules present at standard atmospheric pr...

Diatom is a common type of algae and belongs to the group of phytoplankton. This type of algae comes in the form of colonies and ribbon. Diatom mud is a popular choice for consumers to use for wall decoration and stone coated roofing tiles.
...

Ballistic composites have been used in projectile components such as in rockets or bullets that are fired from weapons. This type of composite material has been used with gravitational force only. The global ballistic composite market is expected to ...

Demand for aircraft tires is increasing in the commercial aviation and defense industry. Most aircraft tires are handmade according to the guidelines of the Federal Aviation Administration (FAA). Extensive engineering calculation is involved in deter...

Zirconium oxide, also called zirconium, is a white crystalline oxide of zirconium. Calcining zirconium compounds produce zirconium. Technically, zirconium is chemically inert and is slowly reacted by highly concentrated acids such as hydrofluoric aci...